Dell.com announces support for bitcoin payments

Dell's online marketplace now accepts bitcoin as payment, the computer hardware company said in a release on Friday morning.

Coinbase will process bitcoin payments, and customers using a non-Coinbase wallet must pay a small transaction fee, Dell said in the release.

What bitcoin can do for you

Tim Draper, Draper Fisher Jurvetson managing director, discusses the type of businesses Silicon Valley is investing in and mining bitcoin. Draper says the real money will be made in bitcoin itself and the ecosystem created around the currency.

The firm's founder and CEO, Michael Dell, tweeted on Friday morning that the deal made Dell the "world's largest ecommerce business to accept bitcoin." Other websites that accept the virtual currency include Overstock.com and Expedia.com (which both use Coinbase) and NewEgg.com.